Best Buy reported adjusted second-quarter earnings per share of $1.47, exceeding analyst expectations by $0.12 and marking a 9% beat versus the $1.35 consensus. Revenue totaled $9.78 billion, up 2.5% from the prior year and surpassing the $9.54 billion estimate.
The company raised its fiscal 2027 outlook, projecting adjusted EPS between $6.70 and $6.90, compared with the prior consensus of $6.62. Revenue guidance for the year was increased to a range of $42.30 billion to $42.80 billion, above the $42.12 billion forecast.
Best Buy's stock closed at $87.44 on Friday, reflecting a 12.17% gain over the past three months and a 20.34% increase over the last 12 months. Over the last 90 days, 15 analysts revised their EPS estimates upward while four issued downward revisions.
The company's financial health was rated as "good performance" by InvestingPro, aligning with its recent earnings momentum.
